Daily Research 26 January 2018

US Dollar index traded around 89 levels, support energy prices while Rupiah traded around Rp 13,287 per US$ this morning.

IDX’s candlestick formed hammer pattern near recent high which make it vulnerable to profit taking actions.

We expect IDX to trade mixed with negative tendency today as investors tend to lock profits.

ANTM

Sell on Strength

S2

S1

Level

R1

R2

775

810

845

875

925

ANTM managed an upside turn but with a close near its horizontal resistance that could limit the upside opportunity.

BRPT

Trading Buy

S2

S1

Level

R1

R2

2,050

2,200

2,310

2,440

2,500

BRPT closed the session higher with bullish engulfing pattern after break above its horizontal resistance with high enough volume indicating another upside potential.

INCO

Sell on Strength

S2

S1

Level

R1

R2

3,230

3,430

3,660

3,750

3,900

INCO closed the session higher with high enough volume but with an open gap up and overbought RSI trend that could limit the upswing.

JSMR

Buy on Weakness

S2

S1

Level

R1

R2

5,450

5,625

5,700

6,150

6,300

JSMR ended the trading negatively with a long black candle pattern and high enough volume but a presence of its several support levels that could dampen a further downside movement.

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